authID Q1 FY26 operating loss widens to $4.46 million; revenue rises to $480,000

• Authid posted revenue of USD 480,000 for quarter ended March 31, 2026, more than doubling from USD 296,000 a year earlier on recognition of revenue from new customer contracts.
• Loss from continuing operations widened to USD 4.46 million from USD 4.34 million, while adjusted EBITDA loss narrowed to USD 3.43 million from USD 3.89 million.
• Cash used in operating activities improved to USD 3.4 million from USD 5.4 million, leaving USD 1.2 million in cash and USD 0.9 million of working capital at March 31, 2026.
• Management flagged substantial doubt about ability to continue as a going concern over the next 12 months, citing an accumulated deficit of about USD 196.2 million.
• In April 2026, Authid raised about USD 3.6 million after expenses via a private placement of about USD 4.2 million of Senior Secured Debentures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Authid Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-056639), on May 14, 2026, and is solely responsible for the information contained therein.